Pfizer Inc. raised its full-year forecast for sales of its Covid-19 vaccine to about $33.5 billion, a nearly 30% increase, helping lift the pharmaceutical giant’s overall estimates for its sales and profits in 2021.
In the latest quarter, the vaccine contributed $7.8 billion to Pfizer’s total sales of $18.98 billion. That boost fueled the company’s 92% year-over-year revenue gain, as did stronger sales of other Pfizer drugs and vaccines amid greater healthcare demand this year. Pfizer posted an adjusted profit of $1.07 a share for the three months through June. Wall Street analysts had been forecasting an adjusted profit of 97 cents a share on sales of $18.71 billion. Shares were roughly flat in premarket trading.
Pfizer’s vaccine results reflected the company’s central role in the global campaign against Covid-19, even as
The definition of a blockbuster drug is that it brings in $1 billion or more per year. Pfizer made the equivalent of 33 blockbusters this year. They deserve to be rewarded, but not to this level. It is time for a TRIPSwaiver.
$$$$ THIS Is What DRIVES the Covid vaccine machine$$$$ Think People!!!! $$$$
Imagine how many more billions this forecast could be with an additional, third jab, Covid-19 vaccine booster for every American was added
Well deserved. Thanks for allowing me to hug my mom again
Strong buy novavax Fauci bloomberg Reuters business
dougboneparth they did turn out to monetize them
They are very excited about all the booster shots that uno one needs.
Go get your free shot, y'all
Where are the commies with “fully vaxxed” in their bios at?
Well people are awake now, they'll fail badly now
Shocking...and people think it's not all about the dollar. 😂🤦♂️😳
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